Foundation Medicine raises $42.5 million in series B

Foundation Medicine Inc. (Cambridge, Mass.) raised $42.5 million in a series B round from new investors Deerfield Management; Casdin Capital Management; Redmile Group; Laboratory Corp. of America Holdings (NYSE:LH); Roche Venture Fund; and WuXi Corporate Venture Fund. Existing investors Third Rock Ventures; Google Ventures; and Kleiner Perkins Caufield & Byers also participated in the round. ...